Advancing the renewable-based energy transformation is an opportunity to meet international climate goals while boosting economic growth, creating millions of jobs and improving human welfare by 2050. The first Global Renewables Outlook released today by the International Renewable Energy Agency (IRENA) finds that transforming the energy system could boost cumulative global GDP gains above business-as-usual by USD 98 trillion between now and 2050. It would nearly quadruple renewable energy jobs to 42 million, expand employment in energy efficiency to 21 million, and add 15 million in system flexibility. IRENA’s Outlook shows the ways to build more sustainable, equitable, and resilient economies by aligning short-term recovery efforts with the medium- as well as long-term objectives of the Paris Agreement and the UN Sustainable Development Agenda.
Irena 20th April 2020 read more »
Renewable energy could power an economic recovery from Covid-19 by spurring global GDP gains of almost $100tn (£80tn) between now and 2050, according to a report. The International Renewable Energy Agency found that accelerating investment in renewable energy could generate huge economic benefits while helping to tackle the global climate emergency. The agency’s director general, Francesco La Camera, said the global crisis ignited by the coronavirus outbreak exposed “the deep vulnerabilities of the current system” and urged governments to invest in renewable energy to kickstart economic growth and help meet climate targets. The agency’s landmark report found that accelerating investment in renewable energy would help tackle the climate crisis and would in effect pay for itself. Investing in renewable energy would deliver global GDP gains of $98tn above a business-as-usual scenario by 2050 by returning between $3 and $8 on every dollar invested.
Guardian 20th April 2020 read more »
Investment in renewable energy could turbo-charge economic growth in the aftermath of Covid-19, according to a major new report, leaving populations richer, healthier and safe from future climate risks. In its first major report on the future of green energy, International Renewable Energy Agency (IRENA) – the lead intergovernmental organisation for green energy – argues a rapid scale-up of low-carbon infrastructure could be key to reviving the global economy after the pandemic.
iNews 20th April 2020 read more »
The global economic response to the coronavirus crisis should accelerate the shift towards net zero emissions, delivering a multi-trillion dollar renewable energy drive that offers a pathway that would boosting economic growth, creating millions of jobs and improving human welfare by 2050.
Business Green 20th April 2020 read more »
Renewables transition to boost global economy by $98trn.
Edie 20th April 2020 read more »